Interpublic Group of Companies Inc (IPG) Expected to Post Earnings of $0.81 Per Share

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Wall Street brokerages forecast that Interpublic Group of Companies Inc (NYSE:IPG) will report $0.81 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Interpublic Group of Companies’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.82. Interpublic Group of Companies reported earnings per share of $0.79 in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Interpublic Group of Companies will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.73 to $1.75. For the next financial year, analysts expect that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.79 to $1.87. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company earned $0.31 EPS. Interpublic Group of Companies’s revenue was up 3.5% on a year-over-year basis.

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, October 24th. Citigroup lifted their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. ValuEngine upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Macquarie upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $24.00 to $25.00 in a research report on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.56.

Shares of NYSE:IPG traded down $0.08 during trading on Friday, hitting $23.84. 4,110,934 shares of the company’s stock were exchanged, compared to its average volume of 6,648,196. Interpublic Group of Companies has a 1-year low of $18.30 and a 1-year high of $26.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.84 and a beta of 1.07.

In related news, CFO Frank Mergenthaler sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total transaction of $1,123,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jocelyn Carter-Miller sold 8,735 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $23.24, for a total transaction of $203,001.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,735 shares of company stock valued at $1,443,501. Corporate insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of IPG. FMR LLC grew its holdings in Interpublic Group of Companies by 9.4% during the third quarter. FMR LLC now owns 35,562,622 shares of the business services provider’s stock valued at $813,317,000 after purchasing an additional 3,058,519 shares during the period. WBI Investments Inc. grew its holdings in Interpublic Group of Companies by 5,592.0% during the third quarter. WBI Investments Inc. now owns 1,628,601 shares of the business services provider’s stock valued at $37,246,000 after purchasing an additional 1,599,989 shares during the period. Glenmede Trust Co. NA grew its holdings in Interpublic Group of Companies by 12,133.8% during the second quarter. Glenmede Trust Co. NA now owns 1,606,423 shares of the business services provider’s stock valued at $37,654,000 after purchasing an additional 1,593,292 shares during the period. Renaissance Technologies LLC grew its holdings in Interpublic Group of Companies by 365.4% during the second quarter. Renaissance Technologies LLC now owns 1,016,400 shares of the business services provider’s stock valued at $23,824,000 after purchasing an additional 798,000 shares during the period. Finally, American International Group Inc. grew its holdings in Interpublic Group of Companies by 312.6% during the third quarter. American International Group Inc. now owns 724,241 shares of the business services provider’s stock valued at $16,563,000 after purchasing an additional 548,706 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Earnings History and Estimates for Interpublic Group of Companies (NYSE:IPG)

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